1 year 8 months ago
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AppLovin today made public an offer to merge with engine maker Unity in a deal that would value Unity stock at an 18% premium to yesterday's closing price.
The non-binding offer for an all-stock merger would see Unity shareholders receive 55% of shares in the combined company, but only 49% of shares with voting rights.
The deal is also contingent on the termination of Unity's proposed merger with AppLovin competitor IronSource, which was announced last month and would see the app monetization firm become a subsidiary of Unity.